US Bankcards Industry Benchmarking Trends: 2023 Q1 Update
Fico Collections
JUNE 1, 2023
Census Bureau reports advanced estimates that retail sales were down 1.2% However, the active rate of 52% continues to be higher than historically observed compared to a stable rate around 49% in 2019. Credit card lenders are not only dealing with higher loss forecasts in 2023. from February 2023 to March 2023. year-over-year.
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